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Updated 2 hours ago

245 Madison Ave

Memphis, TN

1 Bed

•

1 Bath

•

928 Sq. Ft.

•

Available Now

Floor plans

1 beds (1)

1 Bed • 1 Bath

$1,240

928 ft²

1 Available

Managed By: 901 Real Estate Services

Downtown YMCA Loft Overlooking Autozone Park

$1,240

Available Now

View

1 Bed • 1 Bath

$1,225 - $1,375

Size: N/A

0 Available

Managed By: River City Land Company

245 Madison Ave Unit 602

$1,375

Rented

View

-

$1,225

Rented

View

Where you'll live

Street View

Map View

Satellite View

Amenities

On-site Laundry

Refrigerator

Fees & leasing info

Pets

Dogs Ok

Cats Ok

Property details

Additional Details

Total Unit Count: 1

Last Updated: Updated 2 hours ago

Contact Number: (901) 231-6999

$1,240

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Affordability

To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.

View suggested annual incomes for 245 Madison Ave by bedroom type below.

1 Bedroom

Suggested income:

$44,600

per year

Rent report

245 Madison Ave Rent vs. Memphis Average

245 Madison Ave Memphis Average

1BR

$1,240

$1,103

$0

$450

$900

$1,350

$1,800

245 Madison Ave is asking 12% more than the average 1 bedroom apartment in Memphis.

If you upsized to an average priced Memphis 2 bedroom apartment, you would pay 8% more per month.

If you downsized to an average priced Memphis studio apartment, you would pay 0% less per month.

245 Madison Ave provides 29% more square footage than the average Memphis 1 bedroom apartment.

	Monthly Rent	Rent per Sq. Ft.	Suggested Monthly Income
245 Madison Ave
1BR	$1,240	$1.30	$3,720
Memphis Average
Studio	$1,102	$2.50	$3,307
1BR	$1,103	$1.50	$3,310
2BR	$1,193	$1.20	$3,579
3BR	$1,367	$1.00	$4,101
4BR	$1,603	$1.00	$4,810

Availability in Memphis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,293 2BR units on the market in Memphis. If you're looking to negotiate, this may be your best option.

Studio

1BR

2BR

3BR

4BR

Available Units in Memphis
Studio	105
1BR	912
2BR	1,293
3BR	570
4BR	149

Location

Nearby Colleges

Southwest Tennessee Community College

University of Memphis

Nearby Hospitals

Name Distance

St. Jude Children's Research Hospital 0.79 mi.

Le Bonheur Children's Hospital 0.93 mi.

Regional One Health 0.93 mi.

Nearby Fire Stations

Name Distance

Memphis Division Of Fire Services 0.38 mi.

Shelby Volunteer Fire Department 1.34 mi.

Rural/ Metro Fire Department Fed Ex Operation 4.52 mi.

FAQs

Is this property currently leasing units?

Yes, there is 1 unit available at this property.

How many units are move-in ready in the next 2 months?

This property has 1 unit available for move-in now.

What's the square footage of the available units?

It's 928 square feet.

Does this property allow cats or dogs?

This property allows tenants to keep cats and dogs.

How many bedrooms are in the available units?

There are 1 bedroom units available.

How many bathrooms are in the available units?

There are 1 bathroom units available.

What's the monthly rent at this property?

245 Madison Ave has a 1 bedroom unit starting at $1,240.

Where is this property located?

This property is at 245 Madison Ave in Memphis, TN. It's 4.4 miles west from the center of Memphis.

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